Pervasip Corp (PVSP)

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PVSP New Strategic Shift Announced

PERVASIP CORP. REPORTS FISCAL 2024 RESULTS AND ANNOUNCES STRATEGIC SHIFT TOWARD AGRITECH INNOVATION
Press Release | 04/01/2025

Seattle, WA � March 27, 2025 � Pervasip Corp. (OTC: PVSP), a diversified technology and asset management company focused on sustainable innovations in agriculture, today announced its financial results for the fiscal year ended November 30, 2024, and provided an update on its strategic transformation following a major divestiture.


Fiscal Year 2024 Highlights:

Divestiture of Artizen Corporation: In November 2024, Pervasip completed the divestiture of its wholly owned subsidiary, Artizen Corporation, including Zen Asset Management LLC. The transaction eliminated approximately $28.1 million in liabilities, including $15 million in debt and $7 million in accrued taxes payable.
$18.2 Million Gain on Discontinued Operations: The Company recognized a gain of $18,172,555 related to the divestiture, reported under discontinued operations.
Equity Structure Realigned: Pervasip cancelled 23,250 shares of Series F Preferred Stock and restructured its Series K and L Preferred Stock to support alignment with current insiders and long-term stakeholders.
Convertible Debt Reduction: The Company reduced its outstanding convertible debt from $605,000 to $530,000 and continues to pursue strategic debt reduction and conversion initiatives to strengthen its balance sheet.

Strategic Realignment

In fiscal 2024, Pervasip exited the cannabis industry and transitioned to a singular focus on solutions for the industrial agriculture industry, including clean water, with a focus on the development of AI-powered biological inputs, consulting services and strategies that increase productivity and reduce environmental impact. For more information,visit www.pervasip.net. This strategic pivot leverages proprietary and licensed technologies to drive crop yield improvements, resource efficiency, and sustainable farming outcomes.


�Fiscal 2024 marked a transformative year for Pervasip,� said German Burtscher, CEO of Pervasip Corp. �By eliminating nearly $30 million in liabilities, stabilizing our capital structure, and repositioning the Company around high-impact agritech solutions, we�ve laid the foundation for long-term growth. Our focus now is on executing our innovation roadmap and forging strategic partnerships to scale our platform.�


Financial Snapshot (Continuing Operations)

Revenues from continuing operations remain minimal as the Company builds its agritech platform.
Operating loss reflects early-stage investment in product development and strategic repositioning.
The Company continues to operate under a going-concern basis and is actively pursuing financing, joint ventures, and licensing opportunities to accelerate growth.

About Pervasip Corp.

Pervasip Corp. (OTC: PVSP) is a technology and asset management company focused on delivering sustainable solutions to the agriculture industry. The Company is developing AI-driven biological inputs and precision farming strategies designed to enhance productivity and reduce environmental impact.

For more information, visit www.pervasip.net.

Forward Looking Statements The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.





Investor Contact:
Zachary Logan
Pacific Capital Markets LLC
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Email: [e-mail]